Goldman Investments Acquires Upper West Side Multifamily For $5.2M
169 W 83rd St, Manhattan, New York, NY, USA
$5,200,000
$937/SF
Building Size
5,545 SF
Asset Type
MultiFamily
Closing
Jan 27, 2021
AI
Located in the Upper West Side, this multifamily property at 169 W. 83rd St. recently changed hands in a closed transaction. The property, consisting of 5 units, offers a total area of 5,545 square feet. The sale price for this transaction was recorded at $5,200,000, resulting in a price per unit (PPU) of $1,040,000. The price per square foot (PPSF) stands at $937. The previous sale took place in September 2008 for $3.2 million.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,200,000
- Units: 5
- Price Per Unit (PPU): $1,040,000
- Total Square Feet: 5,545
- Price Per Square Foot (PPSF): $937
- Address: 169 W. 83rd St.
- Market: Upper West Side
The buyer for this transaction was Goldman Investments, represented by Hadar Goldman. The seller in this deal was Douglas Jabbour.
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93